Shiba

when

Shiba Inu

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<p dir="ltr">The majority of Shiba Inu (SHIB) growth metrics have turned green, setting the stage for a major price comeback for the second-largest meme coin. According to data from crypto analytics platform IntoTheBlock (ITB), Shiba Inu's large transaction volume has jumped by 220.57% in 24 hours to hit a massive $141.7 million.</p>
<h2 id="shiba-inu-whale-outlook">Shiba Inu whale outlook</h2>
<p dir="ltr">Per the definition of "large transactions" by the ITB platform, it accounts for SHIB deals worth at least $100,000. When amplified, the data shows a significant spike in this metric in just two days. The number of these large transactions moved from 164 on March 26 to 418 as of March 25.</p>
<p dir="ltr">The SHIB valuation of this surge also jumped from 1.59 trillion tokens on March 26 to 4.79 trillion units as of March 25. As a meme coin with a deep affinity for Shiba Inu whales, large transactions also jumped in dollar terms from $44.2 million to the $141.7 million it is currently boasting of today.</p> <img data-entity-type="file" data-entity-uuid="775e5cee-3680-4205-8d1c-8a64f36125df" src="https://u.today/sites/default/files/inline-images/SHIB%20WHALE%20ITB.jpg"><a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">Shiba Inu Large Tx Volume. Source: IntoTheBlock</a>
<p dir="ltr"><a href="https://u.today/shiba-inu-skyrockets-602-as-more-whales-dive-into-shib" rel="noopener noreferrer nofollow">Shiba Inu whales</a> have always played a major role in boosting the price of Shiba Inu. This visible uptick in large transactions comes at a time when Shiba Inu is plotting a major recovery overall. At the time of writing, Shiba Inu is changing hands for $0.00002966, up by 6.56% in the past 24 hours.</p>
<h2 id="sustainable-breakout-imminent">Sustainable breakout imminent?</h2>
<p dir="ltr">Since Shiba Inu&nbsp;<a href="https://u.today/shiba-inu-erases-zero-as-shib-price-jumps-7" rel="noopener noreferrer nofollow">erased one zero</a> from its price, it has maintained a relatively positive growth streak overall. Though the token has buckled under the bearish drawdown of the past weeks, it has maintained 18.37% growth in the trailing seven-day period.</p>
<p>Shiba Inu is now looking primed to retest the $0.00003 level after it fell from this level on March 16. With the metrics turning green once again, SHIB may be on its way toward an&nbsp;<a href="https://u.today/shiba-inu-braces-for-ultra-bullish-breakout-is-shib-price-rally-imminent" rel="noopener noreferrer nofollow">ultra bullish breakout</a>.</p>

Shiba Inu (SHIB) Large Transactions up 220% Amid Fight for Balance

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